Gibson Capital LLC Reduces Stake in Ducommun Incorporated $DCO

Gibson Capital LLC trimmed its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 6.6% during the 4th quarter, Holdings Channel reports. The fund owned 70,229 shares of the aerospace company’s stock after selling 5,000 shares during the period. Ducommun comprises about 1.2% of Gibson Capital LLC’s portfolio, making the stock its 7th largest position. Gibson Capital LLC’s holdings in Ducommun were worth $6,681,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ducommun by 16.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after buying an additional 107 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Ducommun by 3.8% during the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after buying an additional 117 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Ducommun by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock valued at $657,000 after buying an additional 153 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Ducommun by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock valued at $414,000 after buying an additional 155 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Ducommun by 7.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,414 shares of the aerospace company’s stock valued at $232,000 after buying an additional 164 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on DCO shares. Citigroup decreased their price target on shares of Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Truist Financial raised shares of Ducommun to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen lowered shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. The Goldman Sachs Group increased their price target on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada increased their price target on shares of Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Ducommun Stock Performance

Shares of Ducommun stock opened at $144.07 on Friday. The firm has a market capitalization of $2.17 billion, a P/E ratio of -61.05 and a beta of 1.06. The company has a quick ratio of 2.47, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $134.13 and a 200 day moving average price of $114.62. Ducommun Incorporated has a 52 week low of $66.24 and a 52 week high of $156.32.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. The firm had revenue of $209.02 million during the quarter, compared to analyst estimates of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. Ducommun’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. Sell-side analysts expect that Ducommun Incorporated will post 4.16 EPS for the current year.

Insider Activity at Ducommun

In related news, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $154.36, for a total value of $877,073.52. Following the completion of the transaction, the vice president directly owned 62,034 shares of the company’s stock, valued at $9,575,568.24. This trade represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard A. Baldridge sold 10,440 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the transaction, the director directly owned 20,100 shares of the company’s stock, valued at $2,629,683. The trade was a 34.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.00% of the company’s stock.

About Ducommun

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.